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Chase has stopped letting customers reach their accounts through AI agents, and credit card issuers are following, Jim Bianco, President and Macro Strategist at Bianco Research, says . The banks say it is about safety. Bianco says it is about $4 trillion in zero-yield accounts that an agent could sweep into a money market fund.

Jim joins Austin Campbell, Ram Ahluwalia, and Chris Perkins to connect that fight to Black October, the wave of AI-discovered PHP flaws now exploited in the wild, and to explain why the ICBC ransomware attack keeps hacked firms quiet. They also pick apart Anthropic’s S-1, from $16.3 billion in first-half revenue to over $400 billion in compute commitments and a risk section that mentions ending humanity.

Jim makes the case that AI is forcing Wall Street to invent new financing tools, the way Venice invented the secondary bond market. They also discuss whether the Fed starts signaling a December hike.

Hosts:

    • Austin Campbell – Host of Bits + Bips, Founder of Zero Knowledge Group, and Adjunct Professor at NYU Stern
    • Ram Ahluwalia – Co-host of Bits + Bips and CEO of Lumida
    • Chris Perkins – Co-host of Bits + Bips and Head of Franklin Crypto

Guest:

    • Jim Bianco – President and Macro Strategist at Bianco Research